New Issue: UBS sells $6.45 million two-year capped buffer gears linked to S&P 500

By Marisa Wong

Morgantown, W.Va., Feb. 5 – UBS AG, London Branch priced $6,448,000 of 0% capped buffer gears due Jan. 31, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any index gain, up to a maximum return of 14.6%.

Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond 10%.

UBS Financial Services Inc. and UBS Investment Bank are the agents.

Issuer:	UBS AG, London Branch
Issue:	Capped buffer gears
Underlying index:	S&P 500
Amount:	$6,448,000
Maturity:	Jan. 31, 2020
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If the index return is greater than zero, par plus 2 times the index return, capped at par plus 14.6%; par if the index declines by 10% or less; exposure to any decline in the index beyond 10%
Initial level:	2,872.87
Downside threshold:	2,585.58, 90% of initial level
Pricing date:	Jan. 26
Settlement date:	Jan. 31
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2%
Cusip:	90280Y149

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